fomo vs Moonshot (2026): Which Mobile Trading App Is Actually Cheaper?
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fomovs
Moonshotfomo and Moonshot solve the same basic problem the same basic way: buy crypto from your phone with a card or Apple Pay, no exchange account required. They get compared constantly because they're each other's closest competitor on that exact pitch. Here's what actually differs, with every fee number pulled from each app's own published terms.
Source: fomo — official product image
Moonshot is the simpler, cheaper app for small trades under about $40. fomo is cheaper above that, and it adds a social feed, perpetual futures, and five chains instead of two. Neither app publishes a number that's flattering once you actually run it.
The Numbers
| fomo | Moonshot | |
|---|---|---|
| Spot fee | 0.50% (0.05% on select major tokens), $0.95 minimum on Solana orders under 200 USDC | 2.5% under $100, 1% over $100, ~$0.99 minimum |
| Chains | Solana, Base, BNB Chain, Monad, Ethereum | Solana, Base |
| Referral discount | 10% off, permanent (0.50% → 0.45%) | Not documented |
| Social feed | Yes — follow traders, see their trades live | No |
| Perpetual futures | Yes, via Hyperliquid | Via Jupiter Perps integration |
| Funding | Card, Apple Pay, USDC | Card, Apple Pay, bank |
| Wallet | Non-custodial, MPC key-splitting via Privy | Non-custodial, MPC via Turnkey |
| Ownership | Independent, $94M raised | Majority-owned by Jupiter Exchange since Jan 2025 |
Sources: fomo fees from help.fomo.family; Moonshot fees from support.moonshot.com. Both checked 2026-08-08.
Where the fee actually crosses over
fomo's headline fee (0.50%) looks worse than Moonshot's on paper only if you ignore Moonshot's minimum. Run the real math:
| Trade size | fomo fee | Moonshot fee |
|---|---|---|
| $10 | $0.95 (9.5%) | $0.99 (9.9%) |
| $25 | $0.95 (3.8%) | $0.99 (4.0%) |
| $50 | $0.95 (1.9%) | $1.25 (2.5%) |
| $100 | $0.95 (0.95%) | $1.00 (1.0%) |
| $500 | $2.50 (0.50%) | $5.00 (1.0%) |
Both apps punish small trades hard through their minimums — that's the real story neither one puts in its marketing. Above roughly $190, fomo's percentage fee takes over from its floor and the gap widens in fomo's favor, since fomo drops to 0.50% flat while Moonshot's better tier still charges 1%.
The cheapest move on either app
Trade less often, in bigger amounts. A single $200 trade on fomo costs $1.00; ten separate $20 trades cost $9.50 in minimums alone for the exact same total exposure.
Where fomo Wins
The social feed. This is fomo's actual product, not a bolt-on. Seeing what other traders are buying in real time is the reason people compare the two apps at all — Moonshot doesn't have an equivalent.
More chains. Five versus two. If you want exposure to BNB Chain, Monad, or Ethereum tokens from the same app, fomo covers it and Moonshot doesn't.
Cheaper above ~$190 a trade. Once you're trading real position sizes rather than $20 test buys, fomo's 0.50% flat rate beats Moonshot's 1% tier every time.
A real, verified referral discount. fomo documents a permanent 10% fee cut for referred users. Moonshot doesn't publish an equivalent.
Where Moonshot Wins
Ownership stability. 
Jupiter Exchange, one of the largest and most established names in Solana DeFi, holds a majority stake. That's a different risk profile than an independent company still raising venture rounds.
Simplicity. No feed, no follow mechanic — just buy and sell. For someone who specifically doesn't want a social layer, that's a feature, not a gap.
Marginally better on the smallest trades. At $10-$25, the two are close enough not to matter, but Moonshot's percentage-based fee (rather than a flat floor plus percentage) is slightly more forgiving as trade size approaches its minimum from below.
The bigger picture: neither is the cheap option
Compared to a desktop terminal like Axiom (0.95% net at its base tier, dropping with volume) or a dedicated perp exchange like Hyperliquid (0.045% taker), both fomo and Moonshot charge a real premium for the convenience of a phone app and Apple Pay onboarding. That's not a criticism unique to either one — it's the cost structure of the whole mobile-first category. See our full fee breakdown for how fomo's numbers compare against the wider field.
Trade on fomo
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Get the fomo appAlso see: fomo Fees Explained for the complete schedule, and our sister site HyperliquidGuide for what fomo's perps actually cost once you go past the builder fee.
Frequently Asked Questions
It depends on trade size. fomo charges 0.50% with a $0.95 minimum on small Solana orders, which works out cheaper than Moonshot above roughly $38 per trade. Below that, Moonshot's 2.5% (with a ~$0.99 minimum) and fomo's floor land close together, and on very small trades Moonshot can be relatively less punishing because its percentage, not just its floor, is what you're paying against.
Moonshot is primarily a buy/sell app without fomo's follow-and-feed social layer. fomo's feed, where you can see what other traders are buying, is one of its main differentiators.
No. Jupiter Exchange acquired a majority stake in Moonshot in January 2025. It's still operating and growing under that ownership.
Both are built for the same audience: pay with Apple Pay or a card, no seed phrase to manage upfront. fomo adds a social feed on top; Moonshot keeps the experience closer to a simple buy/sell app.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Trading memecoins involves substantial risk of loss, and most of them go to zero. Past performance is not indicative of future results. Always do your own research before trading. This site contains referral links: signing up through our referral link earns us a share of the trading fee you pay, at no extra cost to you, and gives you a permanent 10% discount on your own trading fee.
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